SoftBank Group is set to price a mega junk-bond deal this week, expected at about $11 billion across two currencies. The financing signals that funding the AI build-out is moving into higher-risk, higher-cost debt markets.
SoftBank Group plans to price its long-awaited mega junk-bond deal this week, a financing that was expected as of Tuesday evening to reach about $11 billion in size, spread across two currencies, according to a person with knowledge of the matter.
The deal shows that the artificial-intelligence build-out has officially begun crossing over to the world of junk bonds, where investors expect to be paid more for taking on bigger risks. That shift touches issuers whose credit ratings sit below investment grade, SoftBank among them.
Source: MarketWatch (snippet-based)
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